 There is a pliant financial solution that can help your business to be more competitive while improving your cash flow, credit rating, and supplier discounts. And this is factoring. Traditional bank financing relies on you. But factoring is another tool and it relies on the financial strength and credit worthiness of your customers, not you. Besides, you can use factoring services as much as you want or as little as you want. Moreover, there are no duties, no minimums, and no maximums. You can see the most common reasons businesses use factoring services
Improve Cash Flow without Additional Debt
1. Eliminate long billing cycles and receive cash for your outstanding invoices in 24 hours or less.
2. As factoring is not a loan, no new debt can be created. This allows you to protect your financial leverage to take on new debt.
3. Meet tax requirements on time.
4. Purchase capital equipment.
5. Pay off delinquent obligations.
6. Market for additional business.
7. Reduce stress, improve planning.
Customer Credit Services
1. Reduce bad debt expense.
2. Streamline credit approvals for new customers.
3. Improve decision-making on new business.
4. Reduce administration expenses.
Accounts Receivable Managment
1. Reduce administrative costs.
2. Improve customer relationships.
3. Improve receivable turns.
4. Improve accounting.
5. Redirect critical resources to marketing and production.
Offer Better Terms - Win More Business
1. Factoring allow you to attract more business by offering better terms on your invoices. To win business in a competitive market, most companies negotiate on price. You have the ability to negotiate with terms instead of price. And this ability is given to you with factoring.
2. Besides, to your customers, better terms can be more attractive than better prices.
3. When using attractive terms to win business, you can build the cost of factoring into your costs of good and services.
Flexability
1. Factor as much as you want or as little as you want. You decide.
2. No obligations. No binding contracts.
3. There are no minimums and no maximums in the amount you can factor.
4. Funding is based on the financial strength of your customers.
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